India’s cola king Ramesh Chauhan has been making all possible efforts to choose the best route forward for his multi-crore beverage company. Chauhan ideally wanted his packaged water business to stay within the family. However, he decided to try and chalk out a Rs 7,000 deal with Tata Consumer Products Ltd with his only daughter Jayanti Chauhan not interested in the business.
It appeared that Jayanti had finally agreed to look after the business aided by a professional CEO after the TCPL deal fell through. However, Jayanti Chauhan has reportedly made a LinkedIn post which she later deleted, that highlights the differences between the veteran industrialist and his heir.
“my father DOES NOT speak for me, I am my own individual,” Jayanti Chauhan wrote in a post on the business networking platform that she later deleted, according to a Business Today report. The words are a clear indication that the future of Bisleri International is far from settled.
TCPL had decided to walk away from the deal with Chauhan last week after four months of negotiations. Earlier on Monday, Ramesh Chauhan had said that he was not in talks with any parties after TCPL and had no plans to sell his business. However, the 82-year-old businessman had declined to comment when he was inquired about reports claiming that Jayanti was ready to lead Bisleri.
READ | Meet Angelo George, CEO of Rs 7000 crore Bisleri, will work with Jayanti Chauhan
